PPL - HR Strategy

Question 1

Type of metric describing an activity or change in performance that has already occurred.

Answer 1

Lagging indicator

Question 2

Process of setting goals and designing a path toward a competitive position.

Answer 2

Strategic planning

Question 3

System of actions that leaders take to drive an organization toward its goals and objectives.

Answer 3

Strategic management

Question 4

Process that involves a systematic survey and interpretation of relevant data to identify external opportunities and threats and to assess how these factors affect the organization currently and how they are likely to affect the organization in the future.

Answer 4

Environmental scanning

Question 5

Process for understanding how seemingly independent units within a larger entity interact with and influence one another.

Answer 5

Systems thinking

Question 6

Method for assessment of an organization’s strategic capabilities through use of the environmental scanning process, by which internal and external factors affecting achievement of organizational goals are identified and considered.

Answer 6

SWOT analysis

Question 7

Scanning process that searches for environmental forces in political, economic, social, technological, legal, and environmental categories.

Answer 7

PESTLE analysis

Question 8

Description of what an organization hopes to attain and accomplish in the future, which guides it toward that defined direction.

Answer 8

Vision statement

Question 9

Type of metric describing an activity that can change future performance and predict success in the achievement of strategic goals.

Answer 9

Leading indicator

Question 10

Quantifiable measures of performance used to gauge progress toward strategic objectives or agreed standards of performance.

Answer 10

Key performance indicators (KPIs)

Question 11

State in which an organization’s strategy is consistent with its external opportunities and circumstances and its internal structure, resources, and capabilities.

Answer 11

Strategic fit

Question 12

Plan of action for accomplishing an organization’s overall and long-range goals.

Answer 12

Strategy

Question 13

Actions, processes, or results that are needed to deliver a desired value.

Answer 13

Value drivers

Question 14

Concise outline of an organization’s strategy, specifying the activities the organization intends to pursue and the course its management has charted for the future.

Answer 14

Mission statement

Question 15

Beliefs and principles defined by an organization to direct and govern its employees’ behavior.

Answer 15

Organizational values

Question 16

Performance management tool that depicts an organization’s overall performance, as measured against goals, lagging indicators, and leading indicators.

Answer 16

Balanced scorecard

Question 17

Process by which an organization identifies performance gaps and sets goals for performance improvement by comparing its data, performance levels, and/or processes against those of other organizations.

Answer 17

Benchmarking